2023 Q3 Form 10-Q Financial Statement
#000175789823000010 Filed on August 08, 2023
Income Statement
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| Revenue | $1.342B | $1.285B |
| YoY Change | 11.82% | 11.07% |
| Cost Of Revenue | $748.8M | $711.1M |
| YoY Change | 12.07% | 11.33% |
| Gross Profit | $593.5M | $573.5M |
| YoY Change | 11.5% | 10.75% |
| Gross Profit Margin | 44.22% | 44.64% |
| Selling, General & Admin | $380.7M | $359.1M |
| YoY Change | 17.78% | 7.3% |
| % of Gross Profit | 64.13% | 62.61% |
| Research & Development | $27.04M | $25.50M |
| YoY Change | 8.49% | 3.03% |
| % of Gross Profit | 4.56% | 4.45% |
| Depreciation & Amortization | $152.3M | $137.9M |
| YoY Change | 13.76% | -0.68% |
| % of Gross Profit | 25.66% | 24.05% |
| Operating Expenses | $407.7M | $384.6M |
| YoY Change | -51.4% | 7.0% |
| Operating Profit | $185.9M | $188.9M |
| YoY Change | -160.66% | 19.26% |
| Interest Expense | $36.94M | $32.36M |
| YoY Change | 41.41% | 42.72% |
| % of Operating Profit | 19.88% | 17.13% |
| Other Income/Expense, Net | -$35.70M | -$30.97M |
| YoY Change | 33.99% | 32.09% |
| Pretax Income | $150.2M | $157.9M |
| YoY Change | -145.08% | 17.02% |
| Income Tax | $33.81M | $34.12M |
| % Of Pretax Income | 22.52% | 21.61% |
| Net Earnings | $115.3M | $123.6M |
| YoY Change | -136.58% | 11.05% |
| Net Earnings / Revenue | 8.59% | 9.62% |
| Basic Earnings Per Share | $1.17 | $1.25 |
| Diluted Earnings Per Share | $1.16 | $1.25 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 98.78M shares | 98.65M shares |
| Diluted Shares Outstanding | 99.41M shares | 99.24M shares |
Balance Sheet
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $214.0M | $208.6M |
| YoY Change | -17.14% | -34.05% |
| Cash & Equivalents | $213.8M | $208.6M |
| Short-Term Investments | ||
| Other Short-Term Assets | $199.0M | $166.1M |
| YoY Change | -2.92% | 12.63% |
| Inventory | $821.1M | $768.8M |
| Prepaid Expenses | ||
| Receivables | $940.3M | $887.8M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $2.174B | $2.031B |
| YoY Change | 15.13% | 9.92% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.744B | $1.921B |
| YoY Change | 10.9% | 22.12% |
| Goodwill | $4.040B | $3.887B |
| YoY Change | 9.04% | -10.06% |
| Intangibles | $3.058B | $2.865B |
| YoY Change | -0.64% | -10.27% |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $72.63M | $80.04M |
| YoY Change | 0.55% | 14.08% |
| Total Long-Term Assets | $9.107B | $8.753B |
| YoY Change | 5.87% | -6.28% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $2.174B | $2.031B |
| Total Long-Term Assets | $9.107B | $8.753B |
| Total Assets | $11.28B | $10.78B |
| YoY Change | 7.54% | -3.61% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $293.6M | $260.7M |
| YoY Change | 25.85% | 13.84% |
| Accrued Expenses | $306.7M | $332.8M |
| YoY Change | 0.86% | 4.76% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $70.94M | $63.44M |
| YoY Change | -53.02% | -57.99% |
| Long-Term Debt Due | $71.00M | $63.44M |
| YoY Change | -52.98% | -57.99% |
| Total Short-Term Liabilities | $873.1M | $886.9M |
| YoY Change | 0.03% | -2.36% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $3.366B | $2.860B |
| YoY Change | 17.13% | 0.48% |
| Other Long-Term Liabilities | $76.55M | $859.0M |
| YoY Change | 0.85% | 1075.48% |
| Total Long-Term Liabilities | $3.443B | $3.719B |
| YoY Change | 16.71% | 27.39% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $873.1M | $886.9M |
| Total Long-Term Liabilities | $3.443B | $3.719B |
| Total Liabilities | $5.091B | $4.606B |
| YoY Change | 8.88% | -3.42% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $2.046B | $1.981B |
| YoY Change | 20.7% | -3.71% |
| Common Stock | $4.519B | $4.498B |
| YoY Change | -3.96% | -5.08% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $6.178B | $6.178B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $11.28B | $10.78B |
| YoY Change | 7.54% | -3.61% |
Cashflow Statement
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $115.3M | $123.6M |
| YoY Change | -136.58% | 11.05% |
| Depreciation, Depletion And Amortization | $152.3M | $137.9M |
| YoY Change | 13.76% | -0.68% |
| Cash From Operating Activities | $146.1M | $281.1M |
| YoY Change | 40.72% | 21.31% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $83.30M | $66.60M |
| YoY Change | -200.64% | -42.55% |
| Acquisitions | $0.00 | |
| YoY Change | ||
| Other Investing Activities | -$522.9M | $5.000K |
| YoY Change | 3349.89% | -99.92% |
| Cash From Investing Activities | -$606.2M | -$66.60M |
| YoY Change | 519.05% | -39.14% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 470.2M | -213.6M |
| YoY Change | -1146.1% | 51.07% |
| NET CHANGE | ||
| Cash From Operating Activities | 146.1M | 281.1M |
| Cash From Investing Activities | -606.2M | -66.60M |
| Cash From Financing Activities | 470.2M | -213.6M |
| Net Change In Cash | 10.10M | 896.0K |
| YoY Change | -125.86% | -102.8% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $146.1M | $281.1M |
| Capital Expenditures | $83.30M | $66.60M |
| Free Cash Flow | $62.80M | $214.5M |
| YoY Change | -66.34% | 85.24% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
|
-17000 | usd |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
|
-6000 | usd |
| CY2022Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.43 | |
| CY2023Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.47 | |
| CY2023Q2 | us-gaap |
Revenues
Revenues
|
1284542000 | usd |
| CY2022Q2 | us-gaap |
Revenues
Revenues
|
1156491000 | usd |
| CY2023Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
711081000 | usd |
| CY2022Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
638693000 | usd |
| CY2023Q2 | us-gaap |
Gross Profit
GrossProfit
|
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| CY2022Q2 | us-gaap |
Gross Profit
GrossProfit
|
517798000 | usd |
| CY2023Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
359058000 | usd |
| CY2022Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
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| CY2023Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
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| CY2022Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
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| CY2023Q2 | us-gaap |
Restructuring Costs
RestructuringCosts
|
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Restructuring Costs
RestructuringCosts
|
26000 | usd |
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Operating Expenses
OperatingExpenses
|
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Operating Expenses
OperatingExpenses
|
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| CY2023Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
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| CY2022Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
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| CY2023Q2 | us-gaap |
Interest Expense
InterestExpense
|
32361000 | usd |
| CY2022Q2 | us-gaap |
Interest Expense
InterestExpense
|
22674000 | usd |
| CY2023Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1393000 | usd |
| CY2022Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-770000 | usd |
| CY2023Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
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| CY2022Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
157914000 | usd |
| CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
134951000 | usd |
| CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
34124000 | usd |
| CY2022Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
24196000 | usd |
| CY2023Q2 | us-gaap |
Profit Loss
ProfitLoss
|
123790000 | usd |
| CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
110755000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
236000 | usd |
| CY2022Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-507000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
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| CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
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| CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.25 | |
| CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.11 | |
| CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.25 | |
| CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.10 | |
| CY2023Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.47 | |
| CY2022Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.43 | |
| CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
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| CY2022Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-507000 | usd |
| CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
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| CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
|
-17000 | usd |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
|
-6000 | usd |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
|
58000 | usd |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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|
29000 | usd |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
9793000 | usd |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-178594000 | usd |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
9851000 | usd |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-178565000 | usd |
| CY2023Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
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| CY2022Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
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| CY2023Q2 | us-gaap |
Profit Loss
ProfitLoss
|
123790000 | usd |
| CY2023Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
137925000 | usd |
| CY2022Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
138863000 | usd |
| CY2023Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-445000 | usd |
| CY2022Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
5304000 | usd |
| CY2023Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
11579000 | usd |
| CY2022Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8963000 | usd |
| CY2023Q2 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-93000 | usd |
| CY2022Q2 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
972000 | usd |
| CY2023Q2 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
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| CY2022Q2 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
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| CY2023Q2 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-1995000 | usd |
| CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
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| CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
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| CY2022Q2 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
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Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
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| CY2022Q2 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
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| CY2023Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
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| CY2022Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
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| CY2023Q2 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
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| CY2022Q2 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
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| CY2023Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
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| CY2022Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
6492000 | usd |
| CY2023Q2 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
37919000 | usd |
| CY2022Q2 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
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| CY2023Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
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| CY2022Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
231746000 | usd |
| CY2023Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
66601000 | usd |
| CY2022Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
115933000 | usd |
| CY2023Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
5000 | usd |
| CY2022Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
1288000 | usd |
| CY2023Q2 | us-gaap |
Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
|
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| CY2022Q2 | us-gaap |
Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
|
5228000 | usd |
| CY2023Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
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| CY2022Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
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| CY2023Q2 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
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| CY2022Q2 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
111875000 | usd |
| CY2023Q2 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-144651000 | usd |
| CY2022Q2 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
37011000 | usd |
| CY2023Q2 | us-gaap |
Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
|
89000 | usd |
| CY2022Q2 | us-gaap |
Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
|
84000 | usd |
| CY2023Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
8724000 | usd |
| CY2022Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
24679000 | usd |
| CY2023Q2 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
46427000 | usd |
| CY2022Q2 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
43008000 | usd |
| CY2023Q2 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
1254000 | usd |
| CY2022Q2 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
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| CY2023Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
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| CY2022Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
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| CY2023Q2 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-639000 | usd |
| CY2022Q2 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-12908000 | usd |
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
257000 | usd |
| CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-31993000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
208357000 | usd |
| CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
348320000 | usd |
| CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
208614000 | usd |
| CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
316327000 | usd |
| CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6087172000 | usd |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
9851000 | usd |
| CY2023Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
8724000 | usd |
| CY2023Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
12834000 | usd |
| CY2023Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.47 | |
| CY2023Q2 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
46427000 | usd |
| CY2023Q2 | ste |
Increase Decrease In Noncontrolling Interests Other
IncreaseDecreaseInNoncontrollingInterestsOther
|
-124000 | usd |
| CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6544637000 | usd |
| CY2022Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
24679000 | usd |
| CY2022Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
10182000 | usd |
| CY2022Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.43 | |
| CY2022Q2 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
43008000 | usd |
| CY2022Q2 | ste |
Increase Decrease In Noncontrolling Interests Other
IncreaseDecreaseInNoncontrollingInterestsOther
|
-194000 | usd |
| CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6419128000 | usd |
| CY2023Q2 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:15.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We make certain estimates and assumptions when preparing financial statements according to U.S. GAAP that affect the reported amounts of assets and liabilities at the financial statement dates and the reported amounts of revenues and expenses during the periods presented. These estimates and assumptions involve judgments with respect to many factors that are difficult to predict and are beyond our control. Actual results could be materially different from these estimates. We revise the estimates and assumptions as new information becomes available. This means that operating results for the three month period ended June 30, 2023 are not necessarily indicative of results that may be expected for future quarters or for the full fiscal year ending March 31, 2024.</span></div> | |
| CY2023Q2 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
46118000 | usd |
| CY2022Q2 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
57528000 | usd |
| CY2023Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
1649862000 | usd |
| CY2023Q2 | ste |
Asset Acquisition Tax Deductible Goodwill Expected
AssetAcquisitionTaxDeductibleGoodwillExpected
|
60000000 | usd |
| CY2023Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
267300000 | usd |
| CY2023Q1 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
239081000 | usd |
| CY2023Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
117589000 | usd |
| CY2023Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
97756000 | usd |
| CY2023Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
433185000 | usd |
| CY2023Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
404238000 | usd |
| CY2023Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
49239000 | usd |
| CY2023Q1 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
45582000 | usd |
| CY2023Q2 | us-gaap |
Inventory Net
InventoryNet
|
768835000 | usd |
| CY2023Q1 | us-gaap |
Inventory Net
InventoryNet
|
695493000 | usd |
| CY2023Q2 | us-gaap |
Land
Land
|
84170000 | usd |
| CY2023Q1 | us-gaap |
Land
Land
|
84313000 | usd |
| CY2023Q2 | ste |
Delayed Draw Term Loan Long Term Portion
DelayedDrawTermLoanLongTermPortion
|
585000000 | usd |
| CY2023Q1 | ste |
Delayed Draw Term Loan Long Term Portion
DelayedDrawTermLoanLongTermPortion
|
593125000 | usd |
| CY2023Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
2860116000 | usd |
| CY2023Q2 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
728597000 | usd |
| CY2023Q1 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
691933000 | usd |
| CY2023Q2 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
1028237000 | usd |
| CY2023Q1 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
994188000 | usd |
| CY2023Q2 | ste |
Capitalized Computer Hardware Software Gross
CapitalizedComputerHardwareSoftwareGross
|
255127000 | usd |
| CY2023Q1 | ste |
Capitalized Computer Hardware Software Gross
CapitalizedComputerHardwareSoftwareGross
|
247873000 | usd |
| CY2023Q2 | us-gaap |
Materials Supplies And Other
MaterialsSuppliesAndOther
|
641381000 | usd |
| CY2023Q1 | us-gaap |
Materials Supplies And Other
MaterialsSuppliesAndOther
|
637920000 | usd |
| CY2023Q2 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
464408000 | usd |
| CY2023Q1 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
478316000 | usd |
| CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
3201920000 | usd |
| CY2023Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
3134543000 | usd |
| CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1475829000 | usd |
| CY2023Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1429031000 | usd |
| CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1726091000 | usd |
| CY2023Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1705512000 | usd |
| CY2023Q2 | ste |
Term Loan Current Portion
TermLoanCurrentPortion
|
30938000 | usd |
| CY2023Q1 | ste |
Term Loan Current Portion
TermLoanCurrentPortion
|
27500000 | usd |
| CY2023Q2 | ste |
Delayed Draw Term Loan Current Portion
DelayedDrawTermLoanCurrentPortion
|
32500000 | usd |
| CY2023Q1 | ste |
Delayed Draw Term Loan Current Portion
DelayedDrawTermLoanCurrentPortion
|
32500000 | usd |
| CY2023Q2 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
63438000 | usd |
| CY2023Q1 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
60000000 | usd |
| CY2023Q2 | us-gaap |
Line Of Credit
LineOfCredit
|
158164000 | usd |
| CY2023Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
301672000 | usd |
| CY2023Q2 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
20241000 | usd |
| CY2023Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
21444000 | usd |
| CY2023Q2 | ste |
Term Loan Long Term Portion
TermLoanLongTermPortion
|
34688000 | usd |
| CY2023Q1 | ste |
Term Loan Long Term Portion
TermLoanLongTermPortion
|
45000000 | usd |
| CY2023Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
3018655000 | usd |
| CY2023Q2 | us-gaap |
Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
|
2923554000 | usd |
| CY2023Q1 | us-gaap |
Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
|
3078655000 | usd |
| CY2023Q2 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
68706000 | usd |
| CY2023Q1 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
48565000 | usd |
| CY2023Q2 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
16079000 | usd |
| CY2023Q1 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
11080000 | usd |
| CY2023Q2 | us-gaap |
Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
|
26727000 | usd |
| CY2023Q1 | us-gaap |
Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
|
33605000 | usd |
| CY2023Q2 | us-gaap |
Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
|
17418000 | usd |
| CY2023Q1 | us-gaap |
Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
|
29257000 | usd |
| CY2023Q2 | us-gaap |
Other Postretirement Benefits Payable Current And Noncurrent
OtherPostretirementBenefitsPayableCurrentAndNoncurrent
|
1121000 | usd |
| CY2023Q1 | us-gaap |
Other Postretirement Benefits Payable Current And Noncurrent
OtherPostretirementBenefitsPayableCurrentAndNoncurrent
|
1121000 | usd |
| CY2023Q2 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrentAndNoncurrent
|
2061000 | usd |
| CY2023Q1 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrentAndNoncurrent
|
2014000 | usd |
| CY2023Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
132112000 | usd |
| CY2023Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
125642000 | usd |
| CY2023Q2 | us-gaap |
Deferred Revenue
DeferredRevenue
|
91661000 | usd |
| CY2023Q1 | us-gaap |
Deferred Revenue
DeferredRevenue
|
92283000 | usd |
| CY2023Q2 | ste |
Serviceliabilities
Serviceliabilities
|
75095000 | usd |
| CY2023Q1 | ste |
Serviceliabilities
Serviceliabilities
|
72033000 | usd |
| CY2023Q2 | us-gaap |
Self Insurance Reserve Current
SelfInsuranceReserveCurrent
|
11704000 | usd |
| CY2023Q1 | us-gaap |
Self Insurance Reserve Current
SelfInsuranceReserveCurrent
|
11325000 | usd |
| CY2023Q2 | us-gaap |
Accrued Sales Commission Current And Noncurrent
AccruedSalesCommissionCurrentAndNoncurrent
|
34003000 | usd |
| CY2023Q1 | us-gaap |
Accrued Sales Commission Current And Noncurrent
AccruedSalesCommissionCurrentAndNoncurrent
|
31096000 | usd |
| CY2023Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
13845000 | usd |
| CY2023Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
13683000 | usd |
| CY2023Q2 | us-gaap |
Asset Retirement Obligation Current
AssetRetirementObligationCurrent
|
516000 | usd |
| CY2023Q1 | us-gaap |
Asset Retirement Obligation Current
AssetRetirementObligationCurrent
|
543000 | usd |
| CY2023Q2 | ste |
Accrued Interest
AccruedInterest
|
18109000 | usd |
| CY2023Q1 | ste |
Accrued Interest
AccruedInterest
|
9243000 | usd |
| CY2023Q2 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
87827000 | usd |
| CY2023Q1 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
87611000 | usd |
| CY2023Q2 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
332760000 | usd |
| CY2023Q1 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
317817000 | usd |
| CY2023Q2 | us-gaap |
Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
|
22171000 | usd |
| CY2023Q1 | us-gaap |
Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
|
22171000 | usd |
| CY2023Q2 | us-gaap |
Other Postretirement Benefits Payable Noncurrent
OtherPostretirementBenefitsPayableNoncurrent
|
5952000 | usd |
| CY2023Q1 | us-gaap |
Other Postretirement Benefits Payable Noncurrent
OtherPostretirementBenefitsPayableNoncurrent
|
6070000 | usd |
| CY2023Q2 | us-gaap |
Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
2978000 | usd |
| CY2023Q1 | us-gaap |
Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
2876000 | usd |
| CY2023Q2 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
|
1129000 | usd |
| CY2023Q1 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
|
1153000 | usd |
| CY2023Q2 | us-gaap |
Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
|
10097000 | usd |
| CY2023Q1 | us-gaap |
Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
|
10082000 | usd |
| CY2023Q2 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
21469000 | usd |
| CY2023Q1 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
12588000 | usd |
| CY2023Q2 | ste |
Longtermliabilitiesother
Longtermliabilitiesother
|
12808000 | usd |
| CY2023Q1 | ste |
Longtermliabilitiesother
Longtermliabilitiesother
|
21197000 | usd |
| CY2023Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
76604000 | usd |
| CY2023Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
76137000 | usd |
| CY2023Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.216 | |
| CY2022Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.179 | |
| CY2023Q2 | us-gaap |
Income Tax Examination Estimate Of Possible Loss
IncomeTaxExaminationEstimateOfPossibleLoss
|
12000000 | usd |
| CY2023Q2 | ste |
Income Tax Examination Amount Of Loss Paid
IncomeTaxExaminationAmountOfLossPaid
|
7500000 | usd |
| CY2023Q2 | ste |
Uncertain Tax Liability Resulting From Irs Notice
UncertainTaxLiabilityResultingFromIRSNotice
|
50000000 | usd |
| CY2023Q2 | us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">8. Commitments and Contingencies</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are, and will likely continue to be, involved in a number of legal proceedings, government investigations, and claims, which we believe generally arise in the course of our business, given our size, history, complexity, and the nature of our business, products, Customers, regulatory environment, and industries in which we participate. These legal proceedings, investigations and claims generally involve a variety of legal theories and allegations, including, without limitation, personal injury (e.g., slip and falls, burns, vehicle accidents), product liability or regulation (e.g., based on product operation or claimed malfunction, failure to warn, failure to meet specification, or failure to comply with regulatory requirements), product exposure (e.g., claimed exposure to chemicals, gases, asbestos, contaminants, radiation), property damage (e.g., claimed damage due to leaking equipment, fire, vehicles, chemicals), commercial claims (e.g., breach of contract, economic loss, warranty, misrepresentation), financial (e.g., taxes, reporting), employment (e.g., wrongful termination, discrimination, benefits matters), and other claims for damage and relief.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We believe we have adequately reserved for our current litigation and claims that are probable and estimable, and further believe that the ultimate outcome of these pending lawsuits and claims will not have a material adverse effect on our consolidated financial position or results of operations taken as a whole. Due to their inherent uncertainty, however, there can be no assurance of the ultimate outcome or effect of current or future litigation, investigations, claims or other proceedings (including without limitation the matters discussed below). For certain types of claims, we presently maintain insurance coverage for personal injury and property damage and other liability coverages in amounts and with deductibles that we believe are prudent, but there can be no assurance that these coverages will be applicable or adequate to cover adverse outcomes of claims or legal proceedings against us.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Civil, criminal, regulatory or other proceedings involving our products or services could possibly result in judgments, settlements or administrative or judicial decrees requiring us, among other actions, to pay damages or fines or effect recalls, or be subject to other governmental, Customer or other third party claims or remedies, which could materially effect our business, performance, prospects, value, financial condition, and results of operations.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For additional information regarding these matters, see the following portions of our Annual Report on Form 10-K for the year ended March 31, 2023, which was filed with the SEC on May 26, 2023, Item 1 titled "Business - Information with respect to our Business in General - Government Regulation" and the "Risk Factors" in Item 1A titled "Product and service related regulations and claims."</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">From time to time, STERIS is also involved in legal proceedings as a plaintiff involving contract, patent protection, and other claims asserted by us. Gains, if any, from these proceedings are recognized when they are realized.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are subject to taxation from United States federal, state and local, and foreign jurisdictions. Tax positions are settled primarily through the completion of audits within each individual jurisdiction or the closing of statutes of limitation. Changes in applicable tax law or other events may also require us to revise past estimates. We describe income taxes further in Note 7 to our consolidated financial statements titled, “Income Tax Expense” in this Quarterly Report on Form 10-Q.</span></div> | |
| CY2023Q2 | ste |
Amortizationandimpairmentofacquiredintangibleassets
Amortizationandimpairmentofacquiredintangibleassets
|
93925000 | usd |
| CY2022Q2 | ste |
Amortizationandimpairmentofacquiredintangibleassets
Amortizationandimpairmentofacquiredintangibleassets
|
93929000 | usd |
| CY2023Q2 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
2709000 | usd |
| CY2022Q2 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
9832000 | usd |
| CY2023Q2 | ste |
Redomiciliaton And Tax Restructuring Costs Ax Restructuring
RedomiciliatonAndTaxRestructuringCostsAxRestructuring
|
9000 | usd |
| CY2022Q2 | ste |
Redomiciliaton And Tax Restructuring Costs Ax Restructuring
RedomiciliatonAndTaxRestructuringCostsAxRestructuring
|
173000 | usd |
| CY2023Q2 | ste |
Lossgainonfairvaluecontingentconsiderationadjustments
Lossgainonfairvaluecontingentconsiderationadjustments
|
0 | usd |
| CY2022Q2 | ste |
Lossgainonfairvaluecontingentconsiderationadjustments
Lossgainonfairvaluecontingentconsiderationadjustments
|
-3100000 | usd |
| CY2023Q2 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
0 | usd |
| CY2022Q2 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
-3878000 | usd |
| CY2023Q2 | ste |
Amortizationofinventoryandpropertystepuptofairvalue
Amortizationofinventoryandpropertystepuptofairvalue
|
1843000 | usd |
| CY2022Q2 | ste |
Amortizationofinventoryandpropertystepuptofairvalue
Amortizationofinventoryandpropertystepuptofairvalue
|
1637000 | usd |
| CY2023Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
19000 | usd |
| CY2022Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
26000 | usd |
| CY2023Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
188882000 | usd |
| CY2022Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
158395000 | usd |
| CY2023Q2 | us-gaap |
Revenues
Revenues
|
1284542000 | usd |
| CY2022Q2 | us-gaap |
Revenues
Revenues
|
1156491000 | usd |
| CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
98708000 | shares |
| CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
100082000 | shares |
| CY2023Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
531000 | shares |
| CY2022Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
640000 | shares |
| CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
99239000 | shares |
| CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
100722000 | shares |
| CY2023Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
| CY2023Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
| CY2023Q2 | ste |
Deferred Ordinary Shares
DeferredOrdinaryShares
|
25000 | shares |
| CY2023Q2 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
500000000 | usd |
| CY2022Q2 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
68177 | shares |
| CY2022Q2 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
14283000 | usd |
| CY2023Q2 | us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
51494 | shares |
| CY2023Q2 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
8724000 | usd |
| CY2022Q2 | us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
57704 | shares |
| CY2022Q2 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
11737000 | usd |
| CY2023Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
2386686 | shares |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0357 | |
| CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0241 | |
| CY2023Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y10M24D | |
| CY2022Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y9M18D | |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0108 | |
| CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0080 | |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
|
0.2798 | |
| CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
|
0.2445 | |
| CY2023Q2 | ste |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsForfeitureRate
|
0.0222 | |
| CY2022Q2 | ste |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsForfeitureRate
|
0.0254 | |
| CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1749729 | shares |
| CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
154.60 | |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
241456 | shares |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
219.97 | |
| CY2023Q2 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
31342 | shares |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
57.18 | |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
2128 | shares |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
200.46 | |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1957715 | shares |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
164.17 | |
| CY2023Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P6Y6M | |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
124831000 | usd |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1336601 | shares |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
136.78 | |
| CY2023Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P5Y6M | |
| CY2023Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
119338000 | usd |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
601967 | shares |
| CY2023Q2 | ste |
Common Stock Fair Market Value Per Share
CommonStockFairMarketValuePerShare
|
224.98 | |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
4831000 | usd |
| CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
3897000 | usd |
| CY2023Q2 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1254000 | usd |
| CY2022Q2 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1221000 | usd |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
53.45 | |
| CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
50.04 | |
| CY2023Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
99504000 | usd |
| CY2023Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y | |
| CY2023Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
13683000 | usd |
| CY2023Q2 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
3796000 | usd |
| CY2023Q2 | us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
3634000 | usd |
| CY2023Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
13845000 | usd |
| CY2023Q2 | us-gaap |
Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
|
73000 | usd |
| CY2022Q2 | us-gaap |
Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
|
-936000 | usd |
| CY2023Q1 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
15678000 | usd |
| CY2023Q2 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
16199000 | usd |
| CY2023Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-320710000 | usd |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
10211000 | usd |
| CY2023Q2 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-360000 | usd |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
9851000 | usd |
| CY2023Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-310859000 | usd |
| CY2022Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-209808000 | usd |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-178440000 | usd |
| CY2022Q2 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-125000 | usd |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-178565000 | usd |
| CY2022Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-388373000 | usd |
| CY2023Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
| CY2023Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
| CY2023Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
| CY2023Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |
